Aug 18 2024 70 mins 1
Who are the Left Behind? Whose Fault is it? and has the UK become the most unequal high income country in the world?
Sir Paul Collier, Professor of Economics & Public Policy at the University of Oxford, discusses the systematic destruction of the North of England, the causes of rising social unrest, the difficulty in stopping the downward spiral, and commonalities found in communities that have managed to recover.
World-renowned development economist Paul Collier has spent his life working in neglected communities and lays the blame for widening inequality on old fashioned neo-liberal economic idea's that prioritise market forces and a one-size-fits-all approach of centralised bureaucracies like the UK Treasury. As a result of these policies, Paul argues that the UK has become the most unequal and unfair society in the western world.
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00:00 Who are the Left Behind?
09:45 Milton Friedman, Neoliberalism, Thatcher, Reagan
12:30 The Free Market
18:50 Helmut Kohl and German Reunification
27:35 Development Banks and How to Recover
30:53 Income Inequality and falling wages
33:28 London - Shackled to a Corpse
38:00 North Sea Oil, the UK Treasury and Whitehall
41:00 Morality, Ethics and Political Decision Making
49:30 Housing Shortfalls, Ireland and the UK
55:35 Taxation, Decentralisation and Solutions
1:05:30 Labour, Reform, Keir Starmer and Recovery
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